FedEx sues US government for ‘full refund’ of Trump tariffs after

FedEx sues US government for ‘full refund’ of Trump tariffs after

FedEx has sued the US government for a “full refund” of tariffs it paid after last week’s historic Supreme Court ruling deemed President Trump’s main import taxes unlawful.

The go well with gave the impression to be the first of its sort from a major American company following Friday’s ruling, which discovered that Trump had exceeded his presidential authority and overturned tariffs imposed under the International Emergency Economic Powers Act.

“Plaintiffs seek for themselves a full refund from Defendants of all IEEPA duties Plaintiffs have paid to the United States,” Federal Express Corp and FedEx Logistics said in an 11-page criticism filed at the US Court of International Trade in New York on Monday.

FedEx on Monday sued the US government for the “full refund” of President Trump’s tariffs. REUTERS

US Customs and Border Protection; its commissioner, Rodney Scott; and the US government have been named as defendants in the lawsuit, which doesn’t explicitly state how a lot FedEx has paid in tariffs to this point.

Shares in FedEx closed up 0.7% on Tuesday.

The White House and CBP didn’t instantly reply to The Post’s requests for remark.

Several other firms, including Costco and Revlon, filed lawsuits searching for tariff refunds before the Supreme Court’s ruling last week. The circumstances are still pending at the US Court of International Trade.

While FedEx has not disclosed how a lot it has paid in tariffs, the company warned in September that it anticipated to undergo a $1 billion hit to earnings attributable to US commerce insurance policies, including the IEEPA tariffs – equal to roughly 16% of its complete earnings in fiscal yr 2025.

In last week’s ruling, the Supreme Court said that the US Court of International Trade has “exclusive jurisdiction” over IEEPA levies.

The Supreme Court overturned a batch of President Trump’s tariffs. Getty Images

“While the Supreme Court did not address the issue of refunds, FedEx has taken necessary action to protect the company’s rights as an importer of record to seek duty refunds from US Customs and Border Protection,” FedEx said in an announcement to The Post.

The company added that it’ll share “any relevant information and updates in a timely manner.”

Along with a full refund of tariffs paid, FedEx is also searching for cost for lawyer’s charges.

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